Answer:
b. There is no general rule for when an account becomes uncollectible.
Explanation:
Accounts uncollectible are the debts and loans which do not have any chance of being paid. There are many other reasons by which the account becomes uncollectible. The inability of the debtor, the bankruptcy of the debtor and the fraud conducted by the debtor are some of the reasons why accounts become uncollectible.
Answer:
the cost of units transferred to the finished goods is $89,500
Explanation:
The computation of the cost of units transferred to the finished goods is shown below:
Cost of units transferred to finished goods
= Beginning WIP + Direct materials+ Direct labour + Applied overheads-Ending WIP
= $5,200 + $47,800 + $30,300 + $16,500 - $10,300
= $89,500
Hence, the cost of units transferred to the finished goods is $89,500
Pricing objectives that seek profit maximization or to attain a target return on investment are examples of profitability pricing objectives, a relationship between the benefits provided by a certain operation or thing and the investment or effort that has been made; when it comes to financial performance; it is usually expressed in percentages.
Answer:
Date Account Details and Description Debit Credit
Aug. 2 Cash $12,100
Equipment $2,690
Owner's Capital $14,790
Date Account Details and Description Debit Credit
Aug. 7 Supplies $550
Accounts Payable $550
Date Account Details and Description Debit Credit
Aug. 12 Cash $1,180
Accounts receivable $682
Service revenue $1,862
Date Account Details and Description Debit Credit
Aug. 15 Rent expense $622
Cash $622
Date Account Details and Description Debit Credit
Aug 19 Supplies expense (550 - 295) $255
Supplies $255
Answer:
a
Explanation:
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